Exchange - Flex Rate Loan Application Process

Here are the step-by-step instructions for applying for a Margin Loan through the mobile app:

1. Start Application: On the mobile app's home screen, tap the "Borrow" button, located at the bottom of the screen.
2. Select Loan Type: Tap "Apply for another loan," and then select "Margin Loan."
3. Review Contract: Review the loan contract. If the terms are agreeable, tap "Agree" to proceed. You also have the option to "Download" the contract for your records.
4. Choose Asset & Amount:
   1. Select the asset you wish to borrow (either USD or USDC).
   2. Enter the desired borrowing amount (the minimum is 100).
5. Review Collateral: The "Available Collateral" will be listed, showing the maximum amount you are eligible to borrow. The "Required Collateral" field will populate to show the portion of your available collateral needed to secure the loan.
6. Finalize & Borrow: Once you have confirmed the amounts, tap "Continue." The Terms page will populate, and if the terms are agreeable, click "Borrow USD/USDC" to complete the process.

This content is for informational purposes only and does not constitute legal or financial advice. This communication is not an offer to lend, extend credit, sell nor a solicitation of an offer to buy securities, tokens, or any digital assets.

Investing in cryptocurrencies involves significant risks. Cryptocurrency trading is not available in NY. Please click here for risk disclosures on investing and trading in cryptocurrencies.

The Figure Flex Rate Crypto-Backed Loan (CBL) is a collateralized, open-end credit line secured by cryptocurrency, available only on the Figure Markets Democratized Prime borrowing platform.  Borrowers remain subject to ongoing collateral maintenance, interest accrual, and margin requirements. Rates are variable and may change over time.

Democratized Prime is a decentralized lending marketplace operated and administered by Figure Markets. This product uses a Dutch auction; rates may fluctuate. More information about the product and entities involved can be found at figuremarkets.com/disclosures.

Figure Payments Corporation offers self-directed investors and traders cryptocurrency services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. Figure Payments Corporation's NMLS ID number is 2033432, and is located at 100 West Liberty Street, Suite 600, Reno, NV., 89501. You can verify Figure Payments licensing status at the NMLS Consumer Access website. Click here for Figure Crypto's state license and regulatory disclosures.

Products and services are available through Figure Markets, a brand name of Figure Markets Holdings, Inc. Both Figure Payments Corporation and Figure Markets Holdings, Inc. are wholly owned subsidiaries of Figure Technology Solutions, Inc.